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Announcement concerning Planned Change in Major Shareholders

November 28, 2017

 This is to provide notification that a change in major shareholders of Yamaha Motor Co., Ltd. (the “Company”) is to occur. The details are as described below.

1. Background

 Notice was received today from Yamaha Corporation, which is a major shareholder of the Company, that it plans to execute a transfer of 8,000,000 common shares of the Company held by Yamaha Corporation to a securities company. Accordingly, a change in major shareholders is to occur as described below.

2. Planned date of change

December 4, 2017 (Planned date of the completion of the share transfer procedure)

3. Overview of shareholder subject to change

(1) Name Yamaha Corporation
(2) Location 10-1, Nakazawa-cho, Naka-ku, Hamamatsu, Shizuoka, Japan
(3) Name and title of representative Takuya Nakata,
President and Representative Executive Officer
(4) Lines of business Musical instruments business, Audio equipment business, and other business
(5) Paid-in capital 28,534 million yen (as of September 30, 2017)

4.Number of voting rights (number of shares held) of a concerned shareholder and ratio thereof to voting rights held by all shareholders before and after change

Number of voting rights
(Number of shares held)
Ratio to voting rights held by all shareholders
(Note 1)
Major shareholders ranking
(Note 2)
Before change
(As of June 30, 2017)
12.22% No. 1
After change 346,427
9.93% No. 1

Note 1

The “ratio to voting rights held by all shareholders” is calculated based on a total of 3,490,380 voting rights held by all shareholders, which is based on the total number of outstanding shares as of June 30, 2017 of 349,914,284 shares minus the number of those without voting rights as of the same date, of 876,284 shares.

Note 2

The “major shareholders ranking” is based on the shareholder register of the Company as of June 30, 2017.

5. Future outlook

 There is no impact of this change on the Company’s business results.
 Furthermore, the business alliance between the Company and Yamaha Corporation is to be maintained even after this partial transfer of the Company’s shares held by Yamaha Corporation.

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